Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

View Policies Current Attempt in Progress Margaret Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the

image text in transcribed
image text in transcribed
View Policies Current Attempt in Progress Margaret Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records June 30 Bank Reconciliation Balance per bank $19,600 Add Deposits in transit 4.312 Deduct: Outstanding checks (5,600 Balance per books $18.312 Month of July Results Per Bank $24,220 12,600 11,200 4,200 42 938 Per Books $25.900 16,268 8,680 Balance July 31 July deposits July checks July note collected (not included in July deposits) July bank service charge July NSF check from a customer returned by the bank (recorded by bank as a charge) Prepare the general journal entry to correct the Cash account. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation 1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Practices A Complete Guide

Authors: Gerardus Blokdyk

2023rd Edition

1038804450, 978-1038804457

More Books

Students also viewed these Accounting questions